Business
‘Nigeria Requires Innovation To Drive Job Creation Agenda’

The Minister of Employ
ment and Labour, Dr Chris Ngige, says the country requires innovation that will drive the government’s diversification and job creation agenda.
He said this recently in Lagos during a factory tour of Erisco Foods Ltd in Lagos.
According to him, the innovation and diversification activities of Erisco Foods have increased job creation in the agricultural sector of the economy.
“We commend this great feat in manufacturing which is wholly Nigerian.
“The Nigerian economy needs this kind of innovation and diversification which has led to job creation in the agricultural sector.”
He lauded the management and urged it to ensure compliance with labour related matters, occupational, health and safety standards and statutory obligations.
The minister was represented by Mrs Olufunke Aleshinloye, General Manager, Nigeria Social Insurance Trust Fund.
Chief Executive Officer of Erisco Foods, Mr Eric Umeofia, urged the government to formulate policies that would support local manufacturers.
“We want to warn that until indigenous manufacturers are respected and supported, no meaningful economic diversification will be achieved in this country.
“Nigeria is the biggest importer of tomato paste in the world while over 75 per cent of fresh tomato harvested got wasted in the hands of our farmers yearly.
“This is due to the fact that there was no means of making use of them industrially.
“Seven out of the nine tomato processing factories have closed down and we may soon follow suit and shut down, God forbid, if the government fails to ban the importation of tomato paste.
“What we want is not waiver but a level playing field for all.”
According to him, tomato importers should be compelled to invest in tomato processing in Nigeria to boost development in the agricultural sector and employment opportunities in the country.
Umeofia urged the government to effect the NAFDAC report recommendation of Feb. 10, 2015 that stated that 91.1 per cent of all tomato paste imported and sold in the country were fake and substandard.
“It took European Union (EU) barely a month to take decision and place ban on the importation of some Nigerian food products till 2019. “This is food for thought for our government.”
According to him, his company’s conversion of fresh and dried tomatoes to paste will save the country one billion dollars spent annually on importation and earn foreign exchange for the nation through its export.
“We have a tomato paste processing plant with processing capacity of above 450,000 metric tons per annum, among other product lines.
“We have over 2,052 workers and set to employ over 50,000 youths in two to three years with over five million jobs for farmers indirectly in our Katsina, Jigawa and Sokoto State backward integration projects.
“We target to start production from our Katsina project in the first quarter of 2017 provided that we get support from our good people of Nigeria as nobody will love or build our country for us.”
He appealed to the government to prioritise allocation of foreign exchange to genuine manufacturers to improve productivity in the country.
Mrs Nike Akande, President, Lagos Chamber of Commerce and Industry (LCCI), commended Erisco Foods, saying that industrialisation is key to economic development, employment and increased revenue generation.
Comrade Issa Aremu, former Vice-President, Nigeria Labour Congress (NLC), called for ban on tomato paste importation, adding that the country has achieved self-sufficiency in the production.
Business
TTP Trains Customs Agents, Freight Forwarders On Eto App
In a concerted effort to tackle racketeering and reduce inflated transportation costs in the Nigeria’s seaports, Trucks Transit Parks Ltd. (TTP) has trained Licensed Customs Agents and Freight Forwarders on the use of its Ètò electronic call-up system.
The training was held recently at Customs Processing Centre (CPC) Auditorium, Apapa, Lagos, in collaboration with the Nigeria Customs Service (NCS) and supported by the leadership of the Joint Association of Licensed Customs Agents and Freight Forwarders (JALCAFF), Apapa Command.
Speaking at the event, Comptroller Babatunde Olomu expressed appreciation to TTP for facilitating the training and emphasized the need for customs agents to take personal ownership of the Ètò booking process.
“I want to thank TTP for this impactful training. I encourage all customs agents to begin doing their own bookings directly. By doing so, they can take back power from the unscrupulous elements exploiting their lack of knowledge, selling tickets at highly inflated prices,” Olomu declared.
He noted that empowering agents with hands-on training was key to dismantling racketeering networks that have plagued access to the ports and frustrated efficient logistics processes.
Also speaking, the Chairman, Apapa Chapter of the Association of Nigerian Licensed Customs Agents (ANLCA), Chief Emeka Chukwumalu, said the engagement was critical to the ongoing push to reduce cargo transportation costs and ease business operations at the Apapa Port.
According to a freight forwarder, “The training is basically for us to have awareness of the operations of the Ètò call-up system through TTP. We also want to brainstorm on ways to reduce the high cost of cargo transportation in Apapa Port.
“This training opened our eyes to how simple it is to book tickets ourselves. We now know the right steps to follow and how to avoid falling victim to fraudsters.”
Earlier, Head of Operations at TTP, Mr. Irabor Akonoman, talked on common misconceptions about ticket pricing, reaffirming that the cost of Ètò bookings had remained consistent since its inception.
“The official price remains the same since inception. What people are paying higher amounts for is the manipulation by racketeers”.
Business
NECA Holds MSME Fair To Drive Growth
Towards strengthening small businesses and promoting a more supportive regulatory environment, the Nigeria Employers’ Consultative Association (NECA) says it will hold the 2025 edition of its flagship MSMEs Fair on Tuesday (May 6, 2025).
The event, themed, “Galvanising MSMEs for Economic Growth and Stability”, will take place at NECA House in Lagos.
According to NECA’s Director-General, Mr Adewale Smatt Oyerinde, the fair seeks to provide micro, small, and medium enterprises with essential tools, resources, and strategic networks to thrive in Nigeria’s challenging business climate.
He emphasised the vital role MSMEs play in national development, describing them as the “lifeblood of Nigeria’s economy.”
Oyerinde noted that the fair is designed to offer entrepreneurs practical solutions to navigate economic uncertainties, regulatory hurdles, and business scalability issues.
A major attraction of this year’s event is the keynote address by the CEO of FATE Foundation, Mrs. Adenike Adeyemi, a prominent advocate for MSME development.
She is expected to share transformative insights on innovative strategies for sustaining and growing small businesses in Nigeria.
A unique feature of the fair will be interactive sessions with key regulatory bodies. Entrepreneurs will engage directly with agencies responsible for licensing, compliance, taxation, and business registration.
NECA said these sessions aim to demystify bureaucratic processes and foster a more enabling business environment.
It also said the fair will provide a platform for entrepreneurs to exhibit their products and services, connect with potential investors, and explore new markets.
It added that participants would gain critical knowledge on digital transformation, access to finance, and strategies for sustainable business growth.
·
· NECA stressed that the fair aligns with its broader mission of promoting enterprise development and economic resilience.
·
· “By empowering MSMEs with the right support and information, the organisation aims to stimulate job creation, innovation, and long-term economic stability”, NECA said.
·
· The 2025 MSMEs Fair is expected to attract a wide range of stakeholders, including financiers, tech experts, regulators, and industry leaders, all united in advancing the growth of Nigeria’s MSME sector.
Business
Over 2m Passengers Board Blue Rail Train – Commissioner
The Lagos State Commissioner for Transport, Mr Oluwaseun Osiyemi, says over two million passengers have been transported on the Blue Line Rail since its launch, while state-run buses move an average of 42,000 commuters daily.
Osiyemi, who disclosed this during the Year 2025 Ministerial press briefing held at the Bagauda Kaltho Press Centre, Alausa, on Tuesday, noted that the Lagos State Transport Policy, launched in May 2024, was now in its implementation phase, focusing on inclusivity, safety, affordability, and sustainability.
“On rail development, Phase One of the Blue Line (Marina to Mile 2) has served over two million passengers, with Phase Two (Mile 2 to Okokomaiko) in progress.
“Phase One of the Red Line (Agbado to Oyingbo) is now operational with eight stations and additional rolling stocks procured, while Phase two (Oyingbo to link Blue Line at National Theatre) is underway”, he said.
The Commissioner said in the state-owned bus operations, over 60 million commuters have been served since 2019, with daily ridership exceeding 40,000.
He also said plans were on to deploy new buses with Quality Bus Corridors under construction, adding that the Abule=Egba Bus Terminal had also been commissioned.
“For water transport, 15 locally-built Omibus Ferries have been launched and are in operation, with the Ijegun Egba Terminal now open.
“The OMI EKO project, in partnership with the French Development Agency (AFD), will deliver 25 terminals and 78 electric ferries.
“Over 280,000 passengers have used ferry services in the past year, and 12 boats have been upgraded to meet safety standards”, he said.
On road infrastructure and traffic management, the Commissioner said 49 junction improvement projects had been completed, including ongoing ones at Ikorodu, Iju, as well as Allen-Opebi-Toyin axis.
He added that solar-powered Traffic Signal Lights, road markings covering 67.9km, new medians, laybys, and 3,941 parking lots had also been provided.
Additionally, Osiyemi announced that the deployed Automatic Number Plate Recognition cameras had detected over 470,000 traffic violations and that the Vehicle Inspection Service issued over one million roadworthiness certificates.
He also said that the Lagos State Drivers’ Institute trained more than 32,000 drivers in the past 13 months.
The event marked the second anniversary of Governor Babajide Sanwo-Olu’s second term, showcasing major strides in the transport sector under the THEMES+ agenda.
Nkpemenyie Mcdominic, Lagos
-
Politics11 hours ago
Election Rigging: Nigerians React As Appeal Court Upholds Prof Ogban’s Conviction
-
Niger Delta12 hours ago
Oborevwori, Others’ Defection Creates Political Tsunami – Tinubu …As Gov Tags It ‘Movement’
-
Nation11 hours ago
Wike Fires Back At Atiku, Dele Momodu Over Zoning Comment
-
Business11 hours ago
Improved Income Drives NGX Group To Profitability
-
News9 hours ago
Rivers Gears Up For First Round Of Polio Immunization Campaign
-
Politics11 hours ago
No Southerner Can Successfully Challenge Tinubu In 2027 – Momodu
-
Niger Delta12 hours ago
Falling Trees Destroy Properties In Calabar
-
News11 hours ago
Three Judges Suspended As NJC Voids Imo Acting CJ’s Appointment